Elevate Inglewood Partners Selected as Best Value Proposer for the Inglewood Transit Connector Project
Parsons (NYSE: PSN) has been selected as the lead designer and subconsultant for the Inglewood Transit Connector (ITC) Project. The company is part of the Elevate Inglewood Partners consortium, chosen as the Best Value Proposer by the City of Inglewood. The project involves designing, constructing, financing, operating, and maintaining a 1.6-mile automated people mover connecting the Metro K Line to major Inglewood destinations.
The ITC aims to improve transit reliability, reduce carbon emissions, and alleviate traffic congestion. It will serve residents, employees, and visitors, linking venues like the Kia Forum, Sofi Stadium, and the Intuit Dome. The City of Inglewood has partnered with LA Metro and Los Angeles County to form the ITC Joint Powers Authority, which will oversee the project following contract award. Discussions regarding pricing and contractual terms are ongoing between Elevate Inglewood Partners and the City.
Parsons (NYSE: PSN) è stato selezionato come progettista principale e subconsulente per il Progetto del Collegamento di Trasporto di Inglewood (ITC). L'azienda fa parte del consorzio Elevate Inglewood Partners, scelto come il Proponente con il Miglior Valore dalla città di Inglewood. Il progetto prevede la progettazione, costruzione, finanziamento, funzionamento e manutenzione di un mover automatico di 1,6 miglia che collegherà la Metrolink K Line a importanti destinazioni di Inglewood.
Il ITC mira a migliorare l'affidabilità del trasporto, ridurre le emissioni di carbonio e alleviare la congestione del traffico. Servirà residenti, dipendenti e visitatori, collegando luoghi come il Kia Forum, il Sofi Stadium e l'Intuit Dome. La città di Inglewood ha collaborato con LA Metro e la Contea di Los Angeles per formare l'Autorità di Potere Congiunto ITC, che supervisionerà il progetto dopo l'assegnazione del contratto. Le discussioni riguardanti i prezzi e i termini contrattuali sono in corso tra Elevate Inglewood Partners e la città.
Parsons (NYSE: PSN) ha sido seleccionado como el diseñador principal y subconsultor para el Proyecto del Conector de Transporte de Inglewood (ITC). La empresa forma parte del consorcio Elevate Inglewood Partners, elegido como el Proponente de Mejor Valor por la Ciudad de Inglewood. El proyecto incluye el diseño, construcción, financiación, operación y mantenimiento de un transporte automatizado de 1.6 millas que conectará la Línea K del Metro con los principales destinos de Inglewood.
El ITC tiene como objetivo mejorar la fiabilidad del transporte, reducir las emisiones de carbono y aliviar la congestión del tráfico. Servirá a residentes, empleados y visitantes, conectando lugares como el Kia Forum, el Sofi Stadium y el Intuit Dome. La Ciudad de Inglewood se ha asociado con LA Metro y el Condado de Los Ángeles para formar la Autoridad de Poderes Conjuntos del ITC, que supervisará el proyecto tras la adjudicación del contrato. Las discusiones sobre precios y términos contractuales están en curso entre Elevate Inglewood Partners y la Ciudad.
Parsons (NYSE: PSN)가 잉글우드 교통 연결 프로젝트(ITC)의 주요 설계자이자 하위 컨설턴트로 선정되었습니다. 이 회사는 잉글우드 시에서 최우수 입찰자로 선정된 Elevate Inglewood Partners 컨소시엄의 일원입니다. 이 프로젝트는 메트로 K선과 잉글우드의 주요 목적지를 연결하는 1.6마일 자동 인체 이동 수단의 설계, 건설, 자금 조달, 운영 및 유지 관리를 포함합니다.
ITC는 대중 교통의 신뢰성을 향상하고, 탄소 배출을 줄이며, 교통 혼잡을 완화하는 것을 목표로 합니다. 주민, 직원 및 방문객에게 서비스를 제공하며, Kia 포럼, Sofi 스타디움 및 Intuit 돔과 같은 장소를 연결합니다. 잉글우드시는 LA 메트로 및 로스앤젤레스 카운티와 협력하여 ITC 공동 권한을 설립하였으며, 이 권한은 계약 수여 후 프로젝트를 감독하게 됩니다. Elevate Inglewood Partners와 시청 간의 가격 및 계약 조건에 대한 논의가 진행 중입니다.
Parsons (NYSE: PSN) a été sélectionné comme designer principal et sous-consultant pour le Projet de Connexion de Transport d'Inglewood (ITC). L'entreprise fait partie du consortium Elevate Inglewood Partners, choisi comme le Proposant de Meilleure Valeur par la Ville d'Inglewood. Le projet consiste à concevoir, construire, financer, opérer et maintenir un système de transport automatique de 1,6 mile reliant la ligne K du métro aux principales destinations d'Inglewood.
Le ITC vise à améliorer la fiabilité des transports, réduire les émissions de carbone et alléger la congestion routière. Il servira les résidents, les employés et les visiteurs, reliant des lieux comme le Kia Forum, le Sofi Stadium et l'Intuit Dome. La Ville d'Inglewood s'est associée à LA Metro et au Comté de Los Angeles pour former l'Autorité des Pouvoirs Communs du ITC, qui supervisera le projet après l'attribution du contrat. Des discussions concernant les prix et les termes contractuels sont en cours entre Elevate Inglewood Partners et la Ville.
Parsons (NYSE: PSN) wurde als Hauptdesigner und Subberatungsunternehmen für das Inglewood Transit Connector (ITC) Projekt ausgewählt. Das Unternehmen ist Teil des Konsortiums Elevate Inglewood Partners, das von der Stadt Inglewood als bester Wertanbieter ausgewählt wurde. Das Projekt umfasst das Design, den Bau, die Finanzierung, den Betrieb und die Wartung eines 1,6 Meilen langen automatisierten Personenbeförderungssystems, das die Metro K Linie mit den wichtigsten Zielen in Inglewood verbindet.
Das ITC zielt darauf ab, die Zuverlässigkeit des Verkehrs zu verbessern, die Kohlenstoffemissionen zu reduzieren und die Verkehrsstauung zu verringern. Es wird Bewohner, Angestellte und Besucher bedienen und Orte wie das Kia Forum, das Sofi Stadium und die Intuit Dome verbinden. Die Stadt Inglewood hat sich mit LA Metro und dem Los Angeles County zusammengeschlossen, um die ITC Joint Powers Authority zu bilden, die das Projekt nach der Vertragsvergabe überwachen wird. Gespräche über Preise und vertragliche Bedingungen finden derzeit zwischen Elevate Inglewood Partners und der Stadt statt.
- Parsons selected as lead designer for a major infrastructure project
- Project aims to improve transit reliability and reduce carbon emissions
- Potential for increased revenue and market presence in transit sector
- Final pricing and contractual terms still under negotiation
- Project completion timeline and potential risks not specified
Insights
The selection of Elevate Inglewood Partners (EIP) as the Best Value Proposer for the Inglewood Transit Connector (ITC) Project represents a significant business opportunity for Parsons (NYSE: PSN). As the lead designer and subconsultant to EIP, Parsons stands to benefit from this large-scale infrastructure project.
While the exact financial terms are not disclosed, projects of this magnitude typically involve
Investors should note that this project aligns well with Parsons' core competencies in transportation infrastructure. The company's extensive experience, including 10,000 miles of roadways and 4,500 bridges, positions it strongly for this venture. This contract win could potentially lead to similar opportunities in other urban centers looking to improve their transit systems.
However, it's important to consider that the project is still in the negotiation phase. The final impact on Parsons' financials will depend on the agreed-upon terms and the project's execution. Investors should monitor for further announcements regarding the finalization of the contract and its specific terms.
The Inglewood Transit Connector project represents a significant step forward in urban mobility and connectivity. By linking the Metro K Line with major venues like SoFi Stadium and the Intuit Dome, this project addresses a critical need in modern urban planning: efficient last-mile transportation.
The automated people mover system is likely to have several positive impacts:
- Reduced traffic congestion, particularly during major events
- Improved air quality due to fewer vehicles on the road
- Enhanced accessibility for residents and visitors alike
- Potential for transit-oriented development along the route
From an urban planning perspective, this project exemplifies the trend towards integrated transportation solutions that connect existing transit networks with high-traffic destinations. The involvement of a public-private partnership (P3) model is also noteworthy, as it can potentially accelerate project delivery and optimize long-term operations.
However, the success of this project will hinge on factors such as ridership projections, integration with existing transit systems and the ability to manage peak loads during events. The formation of the ITC Joint Powers Authority suggests a collaborative approach to addressing these challenges, which bodes well for the project's long-term viability.
The Inglewood Transit Connector project presents a compelling case for environmental sustainability in urban transportation. By providing an alternative to car-based travel, this automated people mover has the potential to significantly reduce carbon emissions in the Inglewood area.
Key environmental benefits include:
- Reduced vehicle miles traveled, leading to lower greenhouse gas emissions
- Improved air quality, particularly important in the Los Angeles metro area known for its air pollution issues
- Potential energy efficiency gains through the use of modern, automated transit technology
However, it's important to consider the project's full lifecycle environmental impact. Construction activities will likely result in short-term increases in emissions and potential disruptions to local ecosystems. The long-term benefits should outweigh these initial impacts, but careful management and mitigation strategies will be crucial.
The project's alignment with broader sustainability goals is noteworthy. By improving public transit options, it supports the transition towards more sustainable urban mobility patterns. This aligns with California's ambitious climate targets and could serve as a model for other cities looking to reduce their transportation-related carbon footprint.
Investors and stakeholders should pay attention to the project's environmental performance metrics once operational, as these will be key indicators of its success in meeting sustainability objectives.
CHANTILLY, Va., July 29, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company will serve as lead designer and a subconsultant to Elevate Inglewood Partners (“EIP”), a public-private partnership consortium comprised of Plenary Americas US Holdings, Inc. (equity member), Tutor Perini Corporation (lead contractor), Woojin Industrial Systems Co., Ltd. (automated transit system operator and supplier) and Alternate Concepts, Inc. (lead operations and maintenance contractor), that has been selected as the Best Value Proposer by the City of Inglewood (the “City”) for the Inglewood Transit Connector (“ITC”) Project.
The project will include the design, construction, financing, operation and maintenance of a 1.6-mile automated people mover that will connect the Metro K Line and Inglewood’s new major employment and destination centers, including the Kia Forum, Sofi Stadium, YouTube Theater, the Intuit Dome, as well as the housing and commercial destinations in the surrounding area.
“We’re excited to work with the City of Inglewood to improve transit reliability, reduce carbon emissions, and relieve traffic congestion while providing efficient passenger transportation,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “The Inglewood Transit Connector will expand transit options not only for residents, but the many employees, visitors and fans from city venues, housing, and commercial centers.”
The City has partnered with LA Metro and the County of Los Angeles to establish the ITC Joint Powers Authority, which will oversee the design, construction, operations and maintenance of the ITC following contract award. EIP and the City are currently in discussions and negotiations regarding the project’s pricing and contractual terms.
Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.
To learn more about Parsons’ rail and transit expertise, visit https://www.parsons.com/rail-transit/.
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.
Media Contact:
Lexus K. White
+1 980.253.9781
Lexus.White@parsons.com
Investor Relations Contact:
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